Call reports 2007
FIRST BANK OF THE PALM BEACHES — 2007
What FIRST BANK OF THE PALM BEACHES reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 43,933,000 | 49,148,000 | 55,461,000 | 66,617,000 |
| Total loans | 23,187,000 | 31,488,000 | 38,380,000 | 52,359,000 |
| Allowance for loan losses | 267,000 | 363,000 | 441,000 | 628,000 |
| Securities available for sale | 3,451,000 | 3,230,000 | 3,126,000 | 3,016,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,608,000 | 37,162,000 | 43,626,000 | 54,984,000 |
| Interest-bearing deposits | 27,670,000 | 32,406,000 | 38,359,000 | 50,003,000 |
| Noninterest-bearing deposits | 3,938,000 | 4,756,000 | 5,267,000 | 4,981,000 |
| Equity capital | 12,187,000 | 11,861,000 | 11,668,000 | 11,485,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 621,000 | 1,358,000 | 2,234,000 | 3,448,000 |
| Interest expense | 242,000 | 496,000 | 801,000 | 1,357,000 |
| Net interest income | 379,000 | 862,000 | 1,433,000 | 2,091,000 |
| Noninterest income | 4,000 | 7,000 | 12,000 | 20,000 |
| Noninterest expense | 650,000 | 1,341,000 | 2,113,000 | 2,840,000 |
| Provision for loan losses | 110,000 | 206,000 | 284,000 | 471,000 |
| Pretax income | -377,000 | -678,000 | -952,000 | -1,200,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -377,000 | -678,000 | -952,000 | -1,200,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,162,000 | 11,904,000 | 11,672,000 | 11,468,000 |
| Total capital | 12,429,000 | 12,267,000 | 12,113,000 | 12,096,000 |
| Risk-weighted assets | 29,585,000 | 39,244,000 | 46,794,000 | 62,232,000 |